Purchasing Officer Salary
Purchasing Officers in the United States take home an average $42K annually. For the most part, Purchasing Officers enjoy their work and report high levels of job satisfaction. Slightly less than a fourth of professionals in this line of work do not receive benefits; however, a strong majority report medical coverage and a majority claim dental coverage as well. Women Purchasing Officers who took the survey just slightly outnumber men. The numbers in this rundown were provided by PayScale's salary survey participants.
Job Description for Purchasing Officer
Purchasing officer positions are available in a wide variety of organizations and businesses, ranging from hotels to government agencies to universities. Although job requirements vary by company and position, common requirements include at least a bachelor’s degree in business administration or a related field. A minimum of five years of experience dealing with contracts and/or purchasing is also needed; most organizations stipulate that at least part of this must have been in a management or supervisory role.Read More...
The purchasing officer's daily duties revolve mostly around maintaining stock levels and executing procedures to replenish and purchase items as needed. This requires excellent communication and organizational skills, as individuals in this position must coordinate with multiple divisions and remote locations to determine the needs of each. Purchasing officers must have extensive knowledge of the internal procedures for planning and executing purchases, especially in government jobs where there are strict rules and procedures for this. In many cases, knowledge of relevant government regulations is required in this position as well.
Purchasing officers typically work without frequent direct supervision, but they often have subordinate employees to help perform daily purchasing tasks. The work is mostly be conducted indoors and has minimal physical requirements or hazards. Travel to remote offices and/or remote conferencing may be necessary. Purchasing officers generally work during regular business hours, but some positions may have different shifts.
Purchasing Officer Tasks
- Request quotes, solicit bids, and evaluate results to select the appropriate vendors.
- Work with users and consumers to meet demands and follow guidelines.
- Procure, negotiate, and contract for necessary supplies, goods and materials.
- Track inventory and purchases, evaluating vendors.
Purchasing Officer Job Listings
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Pay by Experience Level for Purchasing Officer
Median of all compensation (including tips, bonus, and overtime) by years of experience.
Purchasing Officers who reported more years of relevant experience also reported higher earnings. Folks who are navigating the first five years of their careers have a median salary of approximately $39K in this position. Those who have been around for five to 10 years don't get much more, though; the median salary in that group is $41K. People with 10 to 20 years of experience make an average of about $49K in this role. Purchasing Officers who have acquired more than 20 years of relevant experience earn significantly more than folks with fewer years on their resumes; the average income in this veteran group is $81K.